Category: Business
FG drags SEPLAT Energy, CEO Roger Brown, 11 others to court for tax evasion amounting to $37.5m
Almost a year after the Federal Government filed criminal charges against Seplat Energy PLC; the company’s CEO, Roger Brown; the Board Chairman, Basil [...]
Battle between Femi Otedola, Nduka Obaigbena heightens as Nigerian Navy detains crude oil cargo owned by GHL
The legal battle between Femi Otedola’s FirstBank and Nduka Obaigbena’s General Hydrocarbons Limited has intensified. In the latest developmen [...]
How FirstBank’s recklessness almost killed 93 souls on General Hydrocarbon’s rig – Nduka Obaigbena
General Hydrocarbons Limited (GHL), the company at the centre of a legal tussle with FirstBank of Nigeria Limited over an alleged $225 milli [...]
National Bureau of Statistics to include prostitution, other illegal activities in GDP calculation
The National Bureau of Statistics, NBS, have said that illegal and hidden activities like prostitution and drugs peddling will now be included in the [...]
UBA, First Bank, others fined N150m each by CBN
The Central Bank of Nigeria, CBN has sanctioned nine Deposit Money Banks with fines totalling N1.35 billion for failing to ensure cash availability vi [...]
Air Peace secures 6th IOSA certification, sets new benchmark for safety in African aviation
With an unwavering focus on raising the bar in operational safety and excellence, West and Central Africa’s largest airline, Air Peace Limited, has se [...]
‘FBN Holdings crisis may lead to collapse, regulatory takeover,’ Shareholders warn
A shareholders’ group has sounded the alarm over the ongoing crisis at FBN Holdings Plc, warning that unresolved governance and strategic disputes cou [...]
Femi Otedola, others face arrest for contempt of court over GHL
More facts have emerged concerning the alleged failure of the First Bank of Nigeria (FBN) to fulfil its part of a deal to fund the exploration and dev [...]
No end in sight to crisis rocking FirstBank as shareholders demand removal of Femi Otedola as chairman FBN
It doesn't look like there is an end in sight to the crisis rocking FirstBank of Nigeria Plc and FirstBank of Nigeria Holdings Plc.
A group of shareh [...]
GTCO PLC announces successful completion of the 1st phase of its equity capital raise programme, raises ₦209bn
Guaranty Trust Holding Company Plc “GTCO Plc” or the “Group” is pleased to announce the successful completion of the first tranche of its equity capit [...]